View All News

Camden Property Trust Announces Tax Characteristics of 2017 Distributions

1/19/2018

HOUSTON--(BUSINESS WIRE)-- Camden Property Trust (NYSE:CPT) announced today the income tax characteristics of its 2017 distributions paid to shareholders as they will be reported on Form 1099-DIV. The Company is releasing information at this time to aid banks, brokerage firms, and institutional investors that are required to issue Form 1099s to their account holders. The final classifications of the distributions for 2017 are as follows:

Camden Property Trust – Common Shares(CUSIP – 133131102)

 

Record
Date

    

Payment
Date

    

Cash
Distribution
Per Share

    

Ordinary
Taxable
Dividends

    

Qualified
Dividends(1)

    

Capital Gain
Distribution

    

Unrecaptured
Sec. 1250
Capital Gain
25% Rate

    

Return of
Capital

03/31/17     04/17/17     $0.7500     79.3442%    

0.6890%

     13.5221%     7.1337%     0.0000%
06/30/17     07/17/17     $0.7500     79.3442%    

0.6890%

     13.5221%     7.1337%     0.0000%
09/29/17     10/17/17     $0.7500     79.3442%    

0.6890%

     13.5221%     7.1337%     0.0000%
12/15/17     01/17/18     $0.7500     79.3442%    

0.6890%

     13.5221%     7.1337%     0.0000%
                           

Based on the above percentages, the following represents a 1099-DIV for one share of common stock:

                                     
Form 1099-DIV    

(Boxes 1a+2a+3)

    Box 1a     Box 1b     Box 2a     Box 2b     Box 3
       

Cash
Distribution
Per Share

    

Ordinary
Taxable
Dividends

    

Qualified
Dividends(2)

    

Total

Capital Gain
Distribution

    

Unrecaptured
Sec. 1250
Gain(3)

    

Nondividend
Distributions

Total     $3.00    

$2.3804

     $0.0164    

$0.6196

     $0.2140     $0.0000
 
(1) Qualified dividend percentage – the portion of ordinary taxable dividends eligible for a lower tax rate.
(2) Amounts in Box 1b are included in Box 1a.
(3) Amounts in Box 2b are included in Box 2a.
 

For corporate shareholders the Section 291(a) preference item is 1.4267% of the total distribution.

Also, the company did not incur any foreign taxes during 2017.

In addition to historical information, this document contains forward-looking statements under the federal securities law. These statements are based on current expectations, estimates, and projections about the industry and markets in which Camden (the “Company”) operates, management's beliefs, and assumptions made by management. Forward-looking statements are not guarantees of future performance and involve certain risks and uncertainties which are difficult to predict. Factors which may cause the Company’s actual results or performance to differ materially from those contemplated by forward-looking statements are described under the heading “Risk Factors” in Camden’s Annual Report on Form 10-K and in other filings with the Securities and Exchange Commission (SEC). Forward-looking statements made in this document represent management’s opinions at the time of this publication, and the Company assumes no obligation to update or supplement these statements because of subsequent events.

Camden Property Trust, an S&P 400 Company, is a real estate company engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns interests in and operates 156 properties containing 53,391 apartment homes across the United States. Upon completion of 7 properties under development, the Company’s portfolio will increase to 55,501 apartment homes in 163 properties. Camden was recently named by FORTUNE® Magazine for the eighth consecutive year as one of the “100 Best Companies to Work For” in America, ranking #10.

For additional information, please contact Camden’s Investor Relations Department at (713) 354-2787 or access our website at camdenliving.com.

Camden Property Trust
Kim Callahan, 713-354-2549

Source: Camden Property Trust

View All News